Legal Opinion
Kennebec Box & Lumber Co. v. Commissioner
Court of Appeals for the First Circuit
Decided June 14, 1948No. 4317PublishedCited by 9 opinions
1Opinion of the Court
DOBIE, Grcuit Judge.
This case comes to us on a petition by Kennebec Box and Lumber Co., Inc., (hereinafter called taxpayer) to review a decision of the Tax Court of the United States, which decided that the sum of $57,-028 of the proceeds received by taxpayer from fire insurance companies, when taxpayer’s mill and part of its inventory were destroyed by fire, was not entitled to the non-recognition-of-gain provisions of Section 112(f) of the Internal Revenue Code, 26 U.S.C.A. Int.Rev.Code, § 112(f). This section reads as follows:
“Sec. 112. Recognition of gain or loss.
“(f) Involuntary…
2Cases cited9 opinions
- Dobson v. CommissionerSupreme Court of the United States · 1944
- Commissioner v. Scottish American Investment Co.Supreme Court of the United States · 1945
- Winter Realty & Const. Co. v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1945
- Haberland v. CommissionerUnited States Board of Tax Appeals · 1932
- Vim Securities Corporation v. Commissioner of Int. Rev.Court of Appeals for the Second Circuit · 1942
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Nehi Beverage Co. v. CommissionerUnited States Tax Court · 1951
- Babcock v. CommissionerUnited States Tax Court · 1957
- Commissioner of Internal Revenue v. Frank W. BabcockCourt of Appeals for the Ninth Circuit · 1958
- Ovider Realty Co. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1951
- Strauss v. CommissionerUnited States Tax Court · 1954
4 more not listed; retrieve them via the Exa API.